Fed cuts rate by a quarter point

WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.  In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target […]

The Fed’s dot plot shows only two rate cuts in 2025, fewer than previously projected

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 7, 2024.  Annabelle Gordon | Reuters The Federal Reserve on Wednesday projected only two quarter-point rate cuts in 2025, fewer than previously forecast, according to the […]

My Essential Christmas Dessert Is Flan

Flan is pure nostalgia for me. My Tex-Mex mom made it often, blending all the milk and eggs in a blender, agonizing over the caramel, and then shrieking if it unmolded with a crack in the center. Kid-me didn’t care about the aesthetics of the flan, I just wanted to taste the custard on my […]

Here’s what’s different in the December 2024 statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in November. Text removed from the November statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]

NVDA, OLLI, BIRK, DIS and more

Check out the companies making headlines in midday trading. Nvidia – Nvidia shares popped more than 4%, reversing earlier week-to-date losses that pushed the stock briefly into correction territory. Shares have surged more than 175% since the start of 2024. General Mills — The consumer products maker slid 2.6% after telling investors to expect a […]

10 Things I’ve Learned Writing This Column

It’s hard to believe I’m saying this, but today marks the last time I am officially writing this food column for Cup of Jo. I say “officially” because I plan to still contribute now and again, I’m just pulling back in order to focus on some upcoming personal projects, so I won’t be chiming in […]